E3 Capital

E3 Capital is an investment firm that focuses on enhancing energy access in Sub-Saharan Africa. It serves as an advisor to the Energy Access Venture Fund, which is dedicated to financing entrepreneurial businesses that tackle the region's electrification challenges through innovative technologies and business models. The fund is supported by Schneider Electric, a leading energy management company, along with various public-sector investors. E3 Capital aims to promote sustainable energy solutions to address the significant energy access gap in Sub-Saharan Africa.

Emmanuel Beau

Investment Manager and Co-Founder

Vladimir Dugin

Partner

Michael Gera

Managing Partner and Co-Founder

Kumayl Karimjee

Investment Analyst

Ravinder Sikand

Senior Partner

Ruth Wairimu

Associate

Past deals in SADC

Solarise Africa

Series B in 2020
Solarise Africa is a pan-African energy leasing company headquartered in Nairobi, Kenya, specializing in financial leasing services for solar photovoltaic (PV) and other energy assets. The company primarily targets Commercial and Industrial (C&I) clients, offering smart financing solutions through strategic partnerships in the renewable energy sector. Solarise Africa focuses on projects involving captive rooftop and ground-mounted solar installations, with capacities ranging from 100 kW to 3 MW. Currently active in Kenya, the company has plans to expand its operations to South Africa and further into East, Southern, and West Africa, aiming for scalable growth in the renewable energy market.

Nuru

Convertible Note in 2019
Nuru, SARL generates and manages renewable electric energy. The company offers solar micro grid energy to the Congolese households, businesses, and organizations. Additionally, the company installs solar PV and storage micro grid across country. Nuru, SARL was formerly known as Kivu Green Energy and changed its name to Nuru, SARL in September, 2019. The company was founded in 2015 and is based in Goma, Democratic Republic of the Congo.

Solarise Africa

Series A in 2019
Solarise Africa is a pan-African energy leasing company headquartered in Nairobi, Kenya, specializing in financial leasing services for solar photovoltaic (PV) and other energy assets. The company primarily targets Commercial and Industrial (C&I) clients, offering smart financing solutions through strategic partnerships in the renewable energy sector. Solarise Africa focuses on projects involving captive rooftop and ground-mounted solar installations, with capacities ranging from 100 kW to 3 MW. Currently active in Kenya, the company has plans to expand its operations to South Africa and further into East, Southern, and West Africa, aiming for scalable growth in the renewable energy market.

Nuru

Convertible Note in 2019
Nuru, SARL generates and manages renewable electric energy. The company offers solar micro grid energy to the Congolese households, businesses, and organizations. Additionally, the company installs solar PV and storage micro grid across country. Nuru, SARL was formerly known as Kivu Green Energy and changed its name to Nuru, SARL in September, 2019. The company was founded in 2015 and is based in Goma, Democratic Republic of the Congo.

Nuru

Series A in 2019
Nuru, SARL generates and manages renewable electric energy. The company offers solar micro grid energy to the Congolese households, businesses, and organizations. Additionally, the company installs solar PV and storage micro grid across country. Nuru, SARL was formerly known as Kivu Green Energy and changed its name to Nuru, SARL in September, 2019. The company was founded in 2015 and is based in Goma, Democratic Republic of the Congo.

Zonful Energy

Seed Round in 2018
Zonful Energy Pvt (Ltd). sells and installs solar home systems in Zimbabwe. The company was founded in 2014 and is based in Harare, Zimbabwe.

Solarise Africa

Series A in 2018
Solarise Africa is a pan-African energy leasing company headquartered in Nairobi, Kenya, specializing in financial leasing services for solar photovoltaic (PV) and other energy assets. The company primarily targets Commercial and Industrial (C&I) clients, offering smart financing solutions through strategic partnerships in the renewable energy sector. Solarise Africa focuses on projects involving captive rooftop and ground-mounted solar installations, with capacities ranging from 100 kW to 3 MW. Currently active in Kenya, the company has plans to expand its operations to South Africa and further into East, Southern, and West Africa, aiming for scalable growth in the renewable energy market.

Zola Electric

Debt Financing in 2018
Zola Electric provides off-grid solar solutions primarily for African markets, focusing on Tanzania, Rwanda, Ghana, and the Ivory Coast. The company offers solar home kits that can be either leased or purchased, utilizing a pay-as-you-go micro-finance model that accommodates various income levels. By employing advanced solar, battery, and power electronics technology, Zola Electric delivers renewable energy systems tailored to the needs of individual households and businesses in rural communities. Since its inception in 2012, the company has powered over 180,000 homes and businesses. Formerly known as Off-Grid Electric Tanzania Limited, it rebranded to Zola Electric in July 2018 and has established its headquarters in Arusha, Tanzania, with an additional office in San Francisco, California. The company has garnered recognition through various awards and has attracted investment from notable firms, including Tesla and EDF.

Zola Electric

Venture Round in 2017
Zola Electric provides off-grid solar solutions primarily for African markets, focusing on Tanzania, Rwanda, Ghana, and the Ivory Coast. The company offers solar home kits that can be either leased or purchased, utilizing a pay-as-you-go micro-finance model that accommodates various income levels. By employing advanced solar, battery, and power electronics technology, Zola Electric delivers renewable energy systems tailored to the needs of individual households and businesses in rural communities. Since its inception in 2012, the company has powered over 180,000 homes and businesses. Formerly known as Off-Grid Electric Tanzania Limited, it rebranded to Zola Electric in July 2018 and has established its headquarters in Arusha, Tanzania, with an additional office in San Francisco, California. The company has garnered recognition through various awards and has attracted investment from notable firms, including Tesla and EDF.

Zola Electric

Series C in 2015
Zola Electric provides off-grid solar solutions primarily for African markets, focusing on Tanzania, Rwanda, Ghana, and the Ivory Coast. The company offers solar home kits that can be either leased or purchased, utilizing a pay-as-you-go micro-finance model that accommodates various income levels. By employing advanced solar, battery, and power electronics technology, Zola Electric delivers renewable energy systems tailored to the needs of individual households and businesses in rural communities. Since its inception in 2012, the company has powered over 180,000 homes and businesses. Formerly known as Off-Grid Electric Tanzania Limited, it rebranded to Zola Electric in July 2018 and has established its headquarters in Arusha, Tanzania, with an additional office in San Francisco, California. The company has garnered recognition through various awards and has attracted investment from notable firms, including Tesla and EDF.